3.0.0 3951 2022-11-01T13:50:25Z 2022-11-01T13:50:25Z House HR 2019-07-24 116 [Congressional Record Volume 165, Number 125 (Wednesday, July 24, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PRESSLEY:H.R. 3951.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution[Page H7378]]]> hsba00 Financial Services Committee House Standing Referred to 2019-07-24T14:01:30Z Payments Modernization Act of 2019 116 2243 S 2019-07-30 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS 2019-07-24 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-07-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-24 Introduced in House IntroReferral 1000 9 Library of Congress P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 N G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2019-07-24 True T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2019-09-10 False A000378 Rep. Axne, Cynthia [D-IA-3] Cynthia Axne D IA 3 2019-09-10 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2019-09-25 False L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2019-10-30 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2019-10-30 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2019-11-12 False Finance and Financial Sector Banking and financial institutions regulation Consumer affairs Federal Reserve System Financial services and investments Public utilities and utility rates Finance and Financial Sector 00 2019-07-24 Introduced in House 2020-05-07T18:18:09Z Payments Modernization Act of 2019

This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user in real time, including funds deposited at a depository institution.

]]> Payments Modernization Act of 2019 Display Title Payments Modernization Act of 2019 Official Title as Introduced To amend the Expedited Funds Availability Act to require that funds deposited be available for withdrawal in real time and to require the Board of Governors of the Federal Reserve System to create a real time payment system, and for other purposes. Introduced in House IH Short Title(s) as Introduced Payments Modernization Act of 2019 Introduced in House IH Introduced in House 2019-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3951ih/xml/BILLS-116hr3951ih.xml 2019-07-24 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.